Ferretti Group Lights Up the Cannes Yachting Festival with 5 New Stars

Ferretti Group wins the stage of the 41st edition of the Cannes Yachting Festival, scheduled from September 11th to 16th, with 5 absolute novelties for the Ferretti Yachts, Custom Line and Riva brands.

The 5 world premières, welcomed successfully by public and professionals, inaugurate the new nautical season of the Group in great style.

Together with a majestic fleet of 25 yachts between 8 and 42 meters, the debut was made by:

The Cannes Yachting Festival, the largest international event in the sector, opened as usual with the Group’s annual press conference. Mr Alberto Galassi, CEO of Ferretti Group, together with the Chief Commercial Officer, Stefano de Vivo, presented the main financial results achieved during the first 8 months of 2018, confirming the positive trend that strengthens the Group’s international leadership.

As at August 31st, 2018, Ferretti Group recorded a consolidated order book for serial brands equal to 218 million Euros, in line with the budget estimates for the current financial year.

The Group expects to close the year with a total purchase order for serial brands of 450 million Euros, confirming and consolidating the extraordinary result already achieved in 2017.

The Group continued its strong commercial penetration on a global scale. From a geographic point of view, in percentage terms on consolidated order book, as at August 31st, 2018, Europe – Middle East – Africa contributed for 49% of new orders, Americas for 36% and Asia Pacific for 15%.